Program-for-Results: An Update on the World Bank's New Finance Tool (Event Video)
The World Bank's Program-for-Results (PforR) financing instrument was approved in January 2012 to complement the two existing financing instruments of the Bank: the Policy Financing instrument (DPL), which focuses on discrete policy actions within the direct control of governments, and the Project Financing instrument (IL), the Bank's main instrument to finance investment projects. PforR has been developed to enable the Bank to support the performance of a government program using the government's own systems, and when the risks to achieving the program's objectives relate to the capacity of the systems to achieve better results.


